Corrugated Boxes Market Share Size, Share, Industrial Growth Status and Global Outlook 2022 to 2030

0
0

The Corrugated Boxes Market size is projected to reach USD 87.78 billion by 2027, as per the latest report by Market Research Future (MRFR). It can expand at 4.15% CAGR from 2020 to 2027. MRFR’s report on the corrugated boxes market comprises growth drivers, challenges, and trends on the industry for the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4179

Market Scope

The global corrugated boxes market is driven by sale of consumer electronics and increasing purchasing power of consumers. Penetration of ecommerce firms and establishment of fulfillment centers for last-mile delivery can bode well for the market. Huge demands by brand owners for retaining customers and box-on-demand systems for packing products of irregular shapes or sizes can fuel the demand for corrugated boxes.

The use of corrugated boxes for recycling into container boxes as well as protective materials for manufacture can drive market demand significantly. This is evident with Pratt Industries establishing a plant in Georgia for expanding their reach in the U.S.

COVID-19 Impact

The COVID-19 pandemic has negatively affected the corrugated boxes market owing to sharp rise in raw material prices and issues in supply chains. Lack of collection of scrap paper, a key raw material for production of Kraft paper, can pose challenges to the market. In addition, export of scrap paper to China owing to higher prices has created a shortage and affected micro, small, and medium enterprises.

Segmentation

Regular Slotted Containers (RSCs) to Lead in Market Share

Regular slotted containers (RSCs) are expected to lead in market share owing to easy and fast production methods. Its versatile nature for packing all sorts of products can fuel segment growth over the forecast period.

Triple-wall Construction Method to Dominate Global Market

The triple-wall construction method is expected to lead in market share due to possessing the capacity for additional mechanical stress. Its use in transportation of bulky products due to being cost-effective can drive its demand.

Food & Beverages Vertical to Dominate Market Demand

The F&B vertical is expected to dominate the global corrugated boxes market owing to rise of hyperlocal grocery stores and rapid urbanization. Ordering of daily items and surge in consumption of juices and foods can bode well for the market.

Regional Analysis

APAC to Lead in Global Corrugated Boxes Market

Asia-Pacific (APAC) is expected to lead in the global corrugated boxes market due to rapid growth in the food & beverage industry. India is likely to contribute to regional market growth due to use of boxes for handling and transportation of finished goods. Presence of key ecommerce companies and surge in purchasing power of customers can drive market growth. Awareness of sustainable packaging and huge role of boxes for protecting against counterfeit goods will bode well for the market.

Competitive Analysis

DS Smith, Archis Packaging (India) Pvt. Ltd, Smurfit Kappa Group, Orora Packaging Australia Pty Ltd, Europac Group, Georgia-Pacific LLC, Mondi Group, International Paper, and Packaging Corporation of America are key players in the global corrugated boxes market. Development of new features and collaborations are to be witnessed in the market.

Access Report Details @  https://www.marketresearchfuture.com/reports/corrugated-boxes-market-4179

Industry News

Smurfit Kappa has invested USD 22 million for expanding the capacity of its Mexico facility. It plans to utilize sustainable techniques with their product being recycled for creating additional products.

Browse Related Reports:

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Showing 1 result
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.